www.crexi.com - The Commercial Real Estate Exchange
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
24382957
24382956

27480 Five Mile Rd, Livonia, MI 48154

$299,900
340 days on market
Updated 36 days ago

27480 5 Mile Road

Details
APN 46052990073001
Property Type Multifamily, Land
Sub Type Commercial, Apartment Building
Units 16
Acreage 1.580
Zoning Multi-Family
Ownership Short Sale - No, Private Owned

Turnkey 16-unit multifamily opportunity with strong in-place income and upside potential.

Marketing description

Prime development opportunity – 1.6 acres of vacant land in livonia! Zoned for multi-family use | ideal location | development potential seize this rare opportunity to develop in one of livonia’s most desirable neighborhoods. Located just off five mile road, this expansive 1.6-acre parcel of vacant land is perfectly suited for a variety of development opportunities. The property is zoned for multi-family residential use, making it an excellent site for condominiums, townhomes, or apartment units. A 16-unit condo project has been proposed in the past, showcasing the site’s potential for a high-density residential development. In addition to residential options, the current zoning also allows for alternative business ventures, offering flexibility depending on your vision. Its prime location provides convenient access to major roads, shopping centers, schools, and community amenities—making it an attractive option for developers and investors alike. Excellent livonia location near five mile road surrounded by established neighborhoods and key amenities. All information is approximate and should be independently verified by buyers and their agents. Batvai.

Listing Contacts

Valuation Calculator

Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
$
$
%
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$--
$--

Valuation Metrics

0
DSCR
--
Cap Rate
--
ROI

Map

Broker Selected Comps View More Comps

Property History

Intelligence Badge

Similar Properties

View All
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
Is there information that looks off?
For assistance, reach out to our support team at [email protected] or call 888.273.0423 . For press inquiries, contact [email protected]
Equal Housing Opportunity
5510 Lincoln Blvd #400, Los Angeles, CA 90094Commercial Real Estate Exchange, Inc.Crexi Technologies, LLCCXTechnology, LLC
© 2026 Commercial Real Estate Exchange, Inc. All Rights Reserved. DRE #02086591